11 Aug 2010 [05:58] Transocean profit hit by BP spill

11 Aug 2010 [05:57] Toyota profits rise after sales recover

11 Aug 2010 [05:56] Adidas profits boosted by World Cup sales

11 Aug 2010 [05:55] Taiwanese computer maker Acer sees profits surge

11 Aug 2010 [05:54] Standard Chartered profits up 10%

11 Aug 2010 [05:53] HSBC sees profits double to $11bn

11 Aug 2010 [05:52] Thai Airways, 4 big shopping centers launch privileges for THAI passengers

11 Aug 2010 [05:51] Cambodia bans imports of pigs, fearing spread of disease

11 Aug 2010 [05:50] Russia to deliver S-300 missiles to Azerbaijan

11 Aug 2010 [05:49] RBS sells 318 branches to Santander

Euromoney names AccessBank as Best Bank of Azerbaijan

AccessBank has been announced the Best Bank of Azerbaijan at annual ceremony “Euromoney Awards for Excellence 2010”.

Commenting the awards AccessBank’s general manager Andrew Pospielovsky said: “AccessBank’s success is based on the individual contribution of each member of our staff. Winning the Euromoney Best Bank award, the most prestigious awards in the financial world, is recognition of the dedication of our staff. In addition, the award again recognizes that our corporate goal of ‘Responsible Banking’, of ensuring that each product we offer is truly beneficial for each client, is also a good foundation for business success”.
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Posted by CBN Staff on 11 Aug 2010 [03:16] | Tell a friend | Comments 0

Azerbaijan introduces system of family doctors and training of paramedics

With World Bank’s assistance the Ministry of Health of Azerbaijan has introduced family doctor system in the country not waiting for legislative support of family medicine.

The Bank says that by the health minister’s order the district doctors were transferred to the status of family physicians, and the process of their retraining began.

"Appropriate training courses are under completion in Shaki and Ismailli regions of the country. Only doctors will be subjected to retraining. The process of re-training and re-profiling will also cover paramedical personnel,” the WB indicated.
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Posted by CBN Staff on 11 Aug 2010 [03:15] | Tell a friend | Comments 0

Azerbaijan defines expenses of national space operator till 2013

Preparation for the start of activity of the “Azerkosmos” OJSC, approved by a decree of Azerbaijan President Ilham Aliyev in May, is going to be finished.

Presently, offers concerning structure, staff schedule and expenditure estimate of “Azerkosmos” for 2010-2013 have already been presented to the Ministry of Finance, the Ministry of Communications and Information Technologies informed.

In compliance with President’s decree, OJSC, the shares of which belong to the state, was set up at the Ministry of Communications and Information Technologies for the purpose of placement into orbit of telecommunications satellite, running it and carrying out of exploitation work.
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Posted by CBN Staff on 11 Aug 2010 [03:11] | Tell a friend | Comments 0

Holland to assist Azerbaijan for introduction of administrative court

Holland Minister of Justice Ernst Hirsch Ballin arrived in Azerbaijan at the invitation of Azerbaijani Minister of Justice Fikrat Mammadov.

August 9, Emst Hirsch was received by F. Mammadov and stated about preparedness to continue supporting development of legal reform in Azerbaijan, the Azerbaijani Ministry of Justice informed. As the result, the parties agreed on cooperation in the sphere of administrative justice, development of the Academy of Justice, trainings for judges and candidates for judges, including education abroad, cooperation with NGOs and penitentiary reform.

It should be noted that earlier Azerbaijan put off practical introduction of administrative court in the country.

Posted by CBN Staff on 11 Aug 2010 [03:06] | Tell a friend | Comments 0

Issue of staff to serve new Baku Port rose in Azerbaijan

The project of new Baku International Sea Trade Port in Alat settlement in 40 km from the capital of Azerbaijan (the Project is now at stage of approval of the environmental impact assessment (EIA)) has encountered serious problems.

Well-informed sources say that the project consultants set before the country’s government the issue of staffing the project.
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Posted by CBN Staff on 11 Aug 2010 [03:06] | Tell a friend | Comments 0

USAID begins training of Azerbaijani specialists on modeling of macroeconomic equilibrium

9 August, the U.S. Agency for International Development (USAID) has conducted training course "Improvement of macroeconomic modeling knowledge” within the framework of "Trade & investment reform support in Azerbaijan".

The Ministry of Economic Development of Azerbaijan informs that the head of the project component on sat expenditures Dipak Kapur emphasized the responsibility of the MED Scientific Research Institute of Economic Reforms for the rightness of forecasting and analysis of socio-economic development and the importance of such training courses.
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Posted by CBN Staff on 11 Aug 2010 [03:03] | Tell a friend | Comments 0

EU High Representative Catherine Ashton announces practical fight for equality of indigenous peoples

EU High Representative for Foreign Affairs and Security Policy Catherine Ashton made a statement on the International Day of the World’s Indigenous People.

“Today, on the International Day of the World’s Indigenous People, I want to send a message of support to indigenous peoples around the world on behalf of the European Union. We are now in the middle of the second International Decade of the World's Indigenous People (2005 - 2015).

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Posted by CBN Staff on 11 Aug 2010 [03:02] | Tell a friend | Comments 0

Azerbaijani banks open a special channel of remittances to China

Azerbaijani banks have begun to respond to the growing demand for money transfers between Azerbaijan and China.

DemirBank informs that jointly with the Association of Students of Azerbaijan (ATB) it launched a new program for Chinese citizens living in Azerbaijan.
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Posted by CBN Staff on 11 Aug 2010 [02:55] | Tell a friend | Comments 0

Azerbaijan’s largest construction company acquired assets abroad

President Ilham Aliyev has taken part in the opening ceremony of granite-marble factory Akkord.

Due to increasing demand for the use of granite and marble products in the country, Akkord Group reconstructed and built a factory with advanced equipment and large production capabilities.
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Posted by CBN Staff on 11 Aug 2010 [02:54] | Tell a friend | Comments 0

US returns to idea of American business in Azerbaijan through Turkey

The U.S. Embassy in Azerbaijan has started the process of forming a new scheme of American business in the country.

The chairperson of the Azerbaijani-Turkish Business Association (ATIB), Fatima Aslan, informs that the matter was discussed during her recent meeting with her advisers of the U.S. Embassy in Azerbaijan Shannon Ranyon and Olga Romanova.
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Posted by CBN Staff on 11 Aug 2010 [02:53] | Tell a friend | Comments 0